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REGISTERED NUMBER: 07251382 (England and Wales)


Financial Statements for the Year Ended 31 May 2023

for

Nish & Chips Ltd

Nish & Chips Ltd (Registered number: 07251382)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Nish & Chips Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr Anish Kehar Khinda
Mrs Sharita Khinda





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 07251382 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Nish & Chips Ltd (Registered number: 07251382)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 50,490 53,856

CURRENT ASSETS
Inventories - 4,284
Debtors 5 - 1,721
Cash at bank and in hand 41,371 36,071
41,371 42,076
CREDITORS
Amounts falling due within one year 6 45,192 43,297
NET CURRENT LIABILITIES (3,821 ) (1,221 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,669

52,635

CREDITORS
Amounts falling due after more than one
year

7

26,192

27,942
NET ASSETS 20,477 24,693

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 20,377 24,593
SHAREHOLDERS' FUNDS 20,477 24,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Nish & Chips Ltd (Registered number: 07251382)

Statement of Financial Position - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





Mr Anish Kehar Khinda - Director


Nish & Chips Ltd (Registered number: 07251382)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Nish & Chips Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 78,244
DEPRECIATION
At 1 June 2022 24,388
Charge for year 3,366
At 31 May 2023 27,754
NET BOOK VALUE
At 31 May 2023 50,490
At 31 May 2022 53,856

Nish & Chips Ltd (Registered number: 07251382)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors - 1,721

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 34,200 36,810
Taxation and social security 4,235 5,123
Other creditors 6,757 1,364
45,192 43,297

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 26,192 27,942

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100